UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $2.43 Billion Stake in The Procter & Gamble Company (NYSE:PG)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of The Procter & Gamble Company (NYSE:PG) by 3.1% during the third quarter, Holdings Channel reports. The fund owned 14,049,651 shares of the company’s stock after buying an additional 426,409 shares during the quarter. Procter & Gamble comprises 0.6% of UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s investment portfolio, making the stock its 21st largest position. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Procter & Gamble were worth $2,433,400,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Public Sector Pension Investment Board increased its stake in Procter & Gamble by 21.9% in the third quarter. Public Sector Pension Investment Board now owns 1,402,085 shares of the company’s stock valued at $242,841,000 after purchasing an additional 252,040 shares in the last quarter. Fiduciary Trust Co grew its stake in shares of Procter & Gamble by 0.4% in the 3rd quarter. Fiduciary Trust Co now owns 367,831 shares of the company’s stock valued at $63,708,000 after buying an additional 1,564 shares during the period. Boussard & Gavaudan Investment Management LLP bought a new stake in Procter & Gamble in the 3rd quarter valued at about $27,765,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Procter & Gamble by 39.8% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,542,782 shares of the company’s stock worth $267,210,000 after buying an additional 439,127 shares during the period. Finally, BBR Partners LLC boosted its holdings in Procter & Gamble by 2.0% in the third quarter. BBR Partners LLC now owns 9,296 shares of the company’s stock worth $1,610,000 after acquiring an additional 186 shares in the last quarter. 65.77% of the stock is owned by institutional investors.

Insider Activity

In other Procter & Gamble news, insider Balaji Purushothaman sold 12,800 shares of the business’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $172.73, for a total transaction of $2,210,944.00. Following the sale, the insider now owns 11,595 shares of the company’s stock, valued at $2,002,804.35. The trade was a 52.47 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Jon R. Moeller sold 7,007 shares of the firm’s stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $171.65, for a total value of $1,202,751.55. Following the completion of the transaction, the chief executive officer now directly owns 269,172 shares of the company’s stock, valued at $46,203,373.80. The trade was a 2.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 35,233 shares of company stock valued at $6,024,234 in the last 90 days. Insiders own 0.18% of the company’s stock.

Procter & Gamble Price Performance

Shares of NYSE:PG opened at $179.34 on Thursday. The Procter & Gamble Company has a fifty-two week low of $142.50 and a fifty-two week high of $180.43. The company’s 50-day moving average is $170.22 and its 200 day moving average is $168.90. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.55 and a current ratio of 0.75. The company has a market capitalization of $422.35 billion, a P/E ratio of 30.92, a price-to-earnings-growth ratio of 3.82 and a beta of 0.42.

Procter & Gamble (NYSE:PG) last released its earnings results on Friday, October 18th. The company reported $1.93 earnings per share for the quarter, beating analysts’ consensus estimates of $1.90 by $0.03. The firm had revenue of $21.74 billion during the quarter, compared to the consensus estimate of $21.99 billion. Procter & Gamble had a net margin of 17.07% and a return on equity of 33.25%. The company’s revenue was down .6% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.83 EPS. On average, equities research analysts forecast that The Procter & Gamble Company will post 6.96 earnings per share for the current year.

Procter & Gamble Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, October 18th were paid a $1.0065 dividend. The ex-dividend date of this dividend was Friday, October 18th. This represents a $4.03 annualized dividend and a dividend yield of 2.24%. Procter & Gamble’s payout ratio is presently 69.48%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Hsbc Global Res upgraded Procter & Gamble to a “strong-buy” rating in a report on Friday, October 4th. Wolfe Research upgraded shares of Procter & Gamble to a “strong-buy” rating in a report on Friday, August 23rd. StockNews.com cut shares of Procter & Gamble from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Wells Fargo & Company boosted their target price on shares of Procter & Gamble from $188.00 to $190.00 and gave the stock an “overweight” rating in a research report on Friday, November 22nd. Finally, Dbs Bank cut shares of Procter & Gamble from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 1st. Eight analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Procter & Gamble has an average rating of “Moderate Buy” and an average price target of $180.45.

Procter & Gamble Company Profile

The Procter & Gamble Company engages in the provision of branded consumer packaged goods worldwide. The company operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care. The Beauty segment offers conditioners, shampoos, styling aids, and treatments under the Head & Shoulders, Herbal Essences, Pantene, and Rejoice brands; and antiperspirants and deodorants, personal cleansing, and skin care products under the Olay, Old Spice, Safeguard, Secret, SK-II, and Native brands.